Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the ending inventory for Banwood using the absorption costing method? Banwood Company had the following information for 20X1: Selling price Variable production

What is the ending inventory for Banwood using the absorption costing method? Banwood Company had the following information for 20X1: Selling price Variable production costs Variable selling and admin. Expenses Fixed production costs Fixed selling and admin. Expenses Units produced Units sold There were no beginning inventories. P1.50 per unit P40 per unit produced P16 per unit sold P200,000 P140,000 10,000 units 8.000 units

Step by Step Solution

3.36 Rating (159 Votes )

There are 3 Steps involved in it

Step: 1

First lets calculate the total variable production costs Variable production cost per unit P40 Units ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Creating Value in a Dynamic Business Environment

Authors: Ronald W. Hilton

9th edition

78110912, 978-0078110917

More Books

Students also viewed these Accounting questions

Question

Is there any formal training for teaching?

Answered: 1 week ago